No. Buy a better switch if it's an issue (see below).
You would need to have some very tight tolerances to hit that micro button with whatever your arm is. If you had a machine with good tolerances you would not be considering this modification. That alone is why I would say this is not the greatest idea.
Following it might work if your Z is connected to the hot end and smashing into the bed. But I suspect you will still have a myriad of issues, such as the switch getting out of position enough to cause the head to crash into the machine. The real question now is how many rotations of the Z axis could happen if the printer is moving at maximum speed and the button is pressed? That metal arm is your grace period. Now your printer is potentially smashing into the switch.
Lastly, just get a switch with a more solid and less springy metal tab.
The real question is whether there is actually a variance caused by the metal arm? I would suspect that it hits the switch very precisely, consistently and within an acceptable tolerance. Removing the arm will buy you little. Replacing it with a stiffer-arm switch might serve you better.